Hiring Employees Vs Independent Contractors For Your Small Business – The Ultimate Small Business Startup Guide Part 5

This is part 5 of a 7 part guide on how to start a small business. This lesson will cover whether to hire employees vs independent contractors for your business and the rules and regulations that are involved. Given enough time and hard work, your business will eventually take off and you’ll find yourself needing additional help in order to expand. If you are looking to hire your own workforce, there are many things you need to consider. For starters, there are 2 basic types of help that you can hire, employees and contractors. And ultimately, the type...

Business Expenses: How To Take Tax Deductions On Your Car, Home, Travel, Meals & Equipment

Most people dread tax season when April 15th comes rolling around, but I actually get excited and almost giddy. The reason is not because I enjoy filling out paperwork and paying the government large sums of money, but because it’s only during tax time that I fully realize how large of a tax deduction I can take on my business expenses every single year. Most people get caught up on the sidelines doing research and debating whether their business idea even has a chance, but they are missing the point. They don’t realize how much money can be saved...

How To Get A Sellers Permit, Fictitious Business Name And FEIN For Your Ecommerce Business

Even though it’s not technically difficult to officially register your business with the US and state government, it can be quite intimidating. When my wife and I first started our ecommerce store, we were scared of screwing everything up. What if we got audited? What if we forgot to obtain a permit or fill out some crucial paperwork? The good news is that it’s not that complicated to fill out the forms. The bad news is that all of the information can not be easily found in one centralized location. For example, when you file with...

Do You Need A 1800 Toll Free Number For Your Online Business?

Most small business startup books recommend that you obtain a 1800 number for your business, especially if you are running an eCommerce store. But these days, long distance calling is mostly free or extremely cheap. In today’s age of cell phones and free unlimited long distance calling, is having a 1800 number really a necessity anymore? Should encouraging more customers to contact your business via phone rather than going online to make a purchase be one of your goals? Do The Benefits Still Apply? So what is so compelling about having a 1800 number? I’ve compiled a...

How To Make Time Equal Money 24 Hours A Day

I never understood how the phrase “Time is money” could ever apply to my life. After all, no one was paying me 24 hours a day so how could my free time possibly translate to money? How could wasting time watching television or playing video games cost me anything when no one was paying me anything anyways? It took me quite a while to comprehend the true meaning behind this statement. And after 10+ years of frittering away countless hours and taking my free time for granted, my business and my child finally made me...

Create A Profitable Online Store In 5 Easy Steps

This article is the start of a 5 part series on how to create a profitable online store. If you’re tired of devoting the majority of your time to your day job and you’d rather set your own hours and be your own boss, the best way to escape from the rat race is to start your own business online. When my wife became pregnant with our child and decided that she was quitting her job, we managed to create a profitable online store that generated 100k in profits in just over a year. Today, my...

Should You Leave Your Cushy Job And How Long Should You Stay?

You may have experienced this pattern before. You start a brand new job and work extremely hard in the beginning to establish yourself and your reputation.Photo by Just Taken PicsAt first, the nature of the work is extremely challenging. You are constantly learning and trying to keep up with your coworkers. You find yourself staying late at the office just to get by. As time passes however, you become adept at your job. You find ways to do your work faster and more efficiently. You become proficient and an expert at what you...

25 Random Things You Don’t Know About Me

If you are on Facebook, you’ve probably seen a viral message being passed around in regards to posting 25 random facts about yourself.Instead of pretending that I find this practice stupid and childish, I think it’s a great way to get to know some of your friends and acquaintances.Even though I always write my articles from experience, I find that I reveal very little about my actual personality on this blog. Here’s a chance to get to know me a little bit better. Editor’s Note: If you are interested in learning how to start your own business, click here to...
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